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AI brief of an SEC Form 8-K · FormFactor (FORM)

FormFactor Q3 revenue hits record $207.9 million; Q4 outlook $190 million

Mixed Impact 3 of 5 earnings Written later

FormFactor reported record third-quarter fiscal 2024 revenue of $207.9 million, up 21.2% from a year earlier but up 5.3% from the prior quarter, with GAAP net income of $18.7 million ($0.24 per diluted share). For the fourth quarter ending December 28, 2024, the company forecast revenue of $190 million, plus or minus $5 million, citing reduced Foundry & Logic probe-card demand partly offset by DRAM strength, so shareholders face a guided sequential revenue decline.

Key points

  • Q3 revenue of $207.9 million was a company record, up 5.3% from $197.5 million in Q2 and 21.2% from $171.6 million in Q3 2023.
  • GAAP net income was $18.7 million, or $0.24 per diluted share, down from $19.4 million ($0.25) in Q2 and up from $4.4 million ($0.06) in Q3 2023.
  • Non-GAAP EPS was $0.35, unchanged from Q2 and up from $0.22 in Q3 2023; GAAP gross margin was 40.7%, down from 44.0% in Q2.
  • Q4 outlook calls for revenue of $190 million, plus or minus $5 million, and non-GAAP EPS of $0.29, plus or minus $0.04.

The filing

CompanyFormFactor (FORM)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:05 PM ET
Accession number0001039399-24-000030

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.